The S&P 500 Erased All 2026 Losses in One Week: Is It Time to Rotate Out of Crypto Into the S&P 500?

The S&P 500 Erased All 2026 Losses in One Week: Is It Time to Rotate Out of Crypto Into the S&P 500? Sam Daodu Tue, April 21, 2026 at 10:40 AM EDT 6 min read ^GSPC BTC-USD NVDA Quick Read The S&P 500’s forward 12-month P/E of 20.9 is around 28% above its 25-year average of 16.3, so rotating in today means buying the index at a steep premium. Bitcoin has never had back-to-back losing years since 2014, with 2018’s -73.5% drawdown followed by +92% in 2019 and 2022’s -64.3% drawdown followed by +155.4% in 2023. Bitcoin has delivered 84% annualized returns over the past decade compared to 12% for the S&P 500, which is a roughly 7x performance gap The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE . The S&P 500 was down 7% on the year barely two weeks ago. By Friday April 17, it hit a new all-time high of 7,126. That puts stocks up more than 4% on the year and at their first record close since February. Crypto also bounced back as Bitcoin (CRYPTO: BTC) gained around 4% on the week, XRP broke back above $1.50 for the first time since March, and Ethereum, Solana, and the rest of the market followed. Then Iran closed the Strait of Hormuz over the weekend, and the crypto market gave back 2-3% of those gains. READ: The analyst who called NVIDIA in 2010 just named his top 10 AI stocks Bitcoin, XRP, and Ethereum are still down between 15% and 27% on the year, and nobody knows if last week's rally was the start of a real recove…